Fiscal Note
This resolution authorizes a jurisdictional transfer agreement between the City and the State of Wisconsin. Under the agreement, the City assume ownership of the sections of former US Highway 151 described in this resolution. The State of Wisconsin will make a one-time payment of $37 million to the City to be placed in a new capital fund for transportation projects. The City will assume full responsibility for the current and future maintenance costs and future reconstruction costs of the roads being transferred. The City currently maintains these sections of the connecting highway in the Streets Department Operating Budget and the transfer is not anticipated to require additional budget appropriations. The City will no longer receive state aid for this section of road. There is no cost to the City at this time.
Title
Authorizing a jurisdictional transfer agreement between the Wisconsin Department of Transportation and the City of Madison for portions of S. Park Street, W. Washington Avenue, Proudfit Street, North Shore Drive, John Nolen Drive, and S. Blair Street; and establishing a special revenue fund for transportation-related revenues and expenditures. (District 4, District 6, District 13, District 14)
Body
WHEREAS, S. Park Street from W. Badger Road to W. Washington Avenue, W. Washington Avenue from S. Park Street to Proudfit Street, Proudfit Street, North Shore Drive, John Nolen Drive from North Shore Drive to S. Blair Street, and S. Blair Street from John Nolen Drive to E. Washington Avenue currently have the status of State Connecting Highways and the designation of US 151, and;
WHEREAS, these roadways are an integral part of the city, playing an important role in moving people and goods, supporting environmental sustainability, fostering economic activity and facilitating a wide array of uses and activities, and;
WHEREAS, the responsibility for these roadways is currently shared between the Wisconsin Department of Transportation and th...
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